thetaOwl

SHW

Sherwin-Williams Company (The)Close $307.70EOD only
Max Pain
$330.00
Next expiry Jun 18, 2026
Expected Move
±$20.25
6.6% from close
Price Gap
+22.30
Distance to max pain
IV Rank
13
Low premium
P/C OI
0.62
Slightly call-heavy
Consensus
No reports available
Published snapshot: May 20, 2026 close
End-of-day snapshot

This page reflects SHW options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot
May 20, 2026 close
Max Pain — SHW
Data as of market close May 20, 2026

Nearest listed expiration 2026-06-18 shows max pain at $330.00 (22.30 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.

Max Pain Strike
$330.00
Nearest expiry
Expected Move
±$20.25
±6.6%
Days to Expiry
29
Calendar days
Total Call OI
4,868
Nearest expiry
Total Put OI
2,656
Nearest expiry
P/C OI Ratio
0.55
Put-heavy
Spot Price
$307.70
Published close
Consensus
-
Open report for full read

Max Pain by Expiration

Pain by Strike

Drill into expiration
Selected: 2026-06-18
ExpirationMax Pain StrikeLast Updated
2026-04-17$310.004/17/2026, 11:32:25 PM
2026-05-15$320.005/15/2026, 11:36:14 PM
2026-06-18NextUpdated$330.005/20/2026, 11:35:28 PM
2026-07-17$310.005/20/2026, 11:35:28 PM
2026-08-21$320.005/20/2026, 11:35:28 PM
2026-09-18$320.005/20/2026, 11:35:28 PM
2026-12-18$330.005/20/2026, 11:35:28 PM
2027-01-15$320.005/20/2026, 11:35:28 PM
2027-03-19$310.005/20/2026, 11:35:28 PM
Selected expiration: 2026-06-18 at max pain $330.00.
SHW pain by strike for 2026-06-18 expiration
StrikeCall PainPut PainTotal Pain
16503575000035750000
17003442350034423500
17503309900033099000
18003177650031776500
18503045750030457500
19002914300029143000
19502783050027830500
20002652000026520000
21050002390200023907000
220100002128400021294000
230150001866900018684000
240200001607200016092000
250250001349300013518000
260400001105000011090000
2705800086510008709000
2808200065400006622000
29011500047460004861000
30015100031420003293000
31046400019180002382000
32080900011000001909000
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures

Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.

How traders use it

It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.

What can break it

Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.

The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.